Maruti Suzuki India — the country's largest carmaker — on Wednesday announced a dividend of Rs 90 per share — a payout of 1,800 per cent given the face value of Rs 5 per share. This is the final dividend for the financial year 2022-23, which ended on March 31, 2023.
Maruti Suzuki said the latest dividend, subject to approval by shareholders at the company's annual general meeting (AGM), is its highest ever. For the year ended March 2023, Maruti Suzuki had given a dividend of Rs 60 per share.
Maruti Suzuki announced a payment date of September 6 for the dividend.
Maruti Suzuki is scheduled to hold its annual general meeting on August 29, 2023.
Here's a summary of the auto major's dividend announcements in the past five years:
| Dividend announcement date | Dividend type | Dividend ex-date | Dividend % | Dividend amount |
| April 29, 2022 | Final | August 3, 2022 | 1,200 | Rs 60 |
| June 28, 2021 | Final | August 5, 2021 | 900 | Rs 45 |
| May 13, 2020 | Final | August 13, 2020 | 1,200 | Rs 60 |
| April 25, 2019 | Final | August 14, 2019 | 1,600 | Rs 80 |
| April 27, 2018 | Final | August 14, 2018 | 1,600 | Rs 80 |
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